Many analyst are having a thought that the telecom sector of india is now being a cold sector for a time phase to switch in.But in my view this is a smell of opportunity which can help you make some money this week.
Reasons of plunging of stocks
1)Instense competition : Due to already competitive market
Bharti Airtel [ A ]
HFCL Infotel Ltd [ S ]
Idea Cellular Ltd [ A ]
Mahanagar Telephone Nigam Ltd [ A ]
Nettlinx Ltd [ T ]
OnMobile Global Ltd [ B ]
Reliance Communication Ltd [ A , Sensex ]
Spice Communications Ltd [ A ]
Tata Communications Ltd [ A ]
Tata Teleservices (Maharashtra) Ltd [ A ]
Tulip Telecom Ltd [ A ]
Vital Communications Ltd [ B ]
Now the advent of new compeitive docomo which is a japanese giant of telecom along with tata network had created a new havoc in this industry
2)TRAI policy to make calls rate determined according to the seconds instead of minutes :
Though TRAI says it is just a though but still investors fear about this policy as it will definitely affect the profit of companies a lot -- Mainly this is one disturbing factor as you can see as soon as this news come in market that this was not in current rule the stocks of bharti and others gained position and volume in buying and touched a day high of 351.
3)Market penetration
My PIcks for the coming week = Bharti Airtel,Idea,Rcom
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